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Executor Fees Entry

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I have dealt with this. You should claim as earned income, important if you wish this amount to be included as the calculation for your RRSP amount eligibility. If your not concerned with that aspect claim under other income. Also it helps to split income over two yrs but in this case you would need actual payments made to you in each yr to keep records straight. If estate is with a lawyer and is feasible to do, consider it.

 

An alternate idea if you do not wish to claim as income, you must have expenses, time, travel, etc, etc,,they can be costs in lieu of executor fees, expenses are just fees reimbursed to you, no tax implications.

In my cases I had both as I had to travel out of town a few times to meet with lawyers and visit my relatives home.

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